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Civil Aviation Authority taps KPMG as actuary for retirement plans

Civil Aviation Authority, Gatwick, England, hired KPMG as actuary for its retirement plans.

A notice filed with procurement website Delta eSourcing said the contract will last for three years, with the potential for two one-year extensions at the discretion of the authority.

The authority runs both defined benefit and defined contribution plans, and also has an unfunded plan for past board members. Its main pension fund is the £2.4 billion ($3.1 billion) Civil Aviation Authority Pension Scheme, London.

Spokesmen for the Civil Aviation Authority could not be reached for comment and further information by press time.